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OPERATING LEASES - LESSOR
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
OPERATING LEASES - LESSOR OPERATING LEASES - LESSOR
The Company provided financing for various types of equipment through operating leasing arrangements. The equipment leased to others is carried at cost less accumulated depreciation in other assets on our consolidated balance sheets. The Company had equipment leased to others of $21.8 million and $30.6 million at September 30, 2025 and December 31, 2024, respectively, net of accumulated depreciation of $16.2 million and $18.1 million at September 30, 2025 and December 31, 2024, respectively. The Company recorded lease income related to lease payments for operating leases in other income on our consolidated statements of income of $2.6 million and $3.8 million for the three months ended September 30, 2025 and 2024, respectively, and $8.5 million and $12.7 million for the nine months ended September 30, 2025 and 2024, respectively. Depreciation expense related to leased equipment was $2.1 million and $3.0 million for the three months ended September 30, 2025 and 2024, respectively, and $6.8 million and $10.0 million for the nine months ended September 30, 2025 and 2024, respectively.
The Company performs assessment of the recoverability of long-lived assets when events or changes in circumstances indicate their carrying values may not be recoverable.
The future lease payments receivable from operating leases as of September 30, 2025 are as follows:
(dollars in thousands)Amount
Year ending December 31:
2025 remaining$1,576 
20263,390 
20271,651 
2028583 
2029192 
Thereafter63 
Total future minimum lease payments$7,455